The chief technology officer of Googleâs cloud division says the next year or two will see many organizations shift from experimenting with artificial intelligence to truly putting it to work.
As companies move out of trial mode, Will Grannis says more and more are going to turn to AI-based platforms and tools for everything from financial services to health care.
He feels the shift will be triggered by the worldâs growing familiarity with the technology and the ongoing quest to improve productivity and efficiency, particularly in the workforce.
âPublic sector, private sector, commercial â it doesnât matter because we all want to run our businesses more efficiently,â Grannis said during a recent trip to Toronto for the Collision tech conference. âAnd it turns out today that thereâs a lot of manual things people do that donât provide a lot of value.â
Canadaâs productivity rate â the amount the country produces for each hour worked â has declined in recent years to a level that is now 30 per cent below the U.S., a Royal Bank of Canada report released June 20 said.
Bank of Canada senior deputy governor Carolyn Rogers even went as far as to call the trend an emergency in a March speech.
The data RBC cites argues that AI could reverse this trend, potentially saving each worker in the country between 100 and 125 hours per year and boost labour productivity by eight per cent by 2030.
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